Applications are open for the Ontario Small Business Support Grant, that helps businesses that are significantly affected by the Provincewide Shutdown. Starting at $10,000 for all eligible businesses, the grant provides businesses with funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the shutdown.
The business must demonstrate they experienced a revenue decline of at least 20% when comparing monthly revenue in April 2019 and April 2020. Alternative revenue decline comparatives are available if a business is not operating in the month of April. New businesses established since April 2019 are also eligible, provided they meet the other eligibility criteria.
Businesses will be able to use the support in whatever way makes the most sense for them. For example, some businesses could use the support to pay employee wages, while others may need support maintaining their inventory.
Eligibility Requirements Include:
- Fewer than 100 employees at the enterprise level
- Business number. If a business does not have a business number, they will be directed to apply for a business number before they can proceed with their application.
Application deadline is March 31, 2021.